Peoples Bancorp (PEBO) Stock Rating Upgraded by ValuEngine

Peoples Bancorp (NASDAQ:PEBO) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently commented on PEBO. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Wednesday, January 10th. BidaskClub upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, January 10th. Finally, Sandler O’Neill restated a “hold” rating and issued a $37.00 price target on shares of Peoples Bancorp in a report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.25.

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Peoples Bancorp (PEBO) traded down $0.17 on Friday, reaching $35.43. The company’s stock had a trading volume of 32,717 shares, compared to its average volume of 35,160. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The stock has a market cap of $655.79, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.02 and a beta of 0.75. Peoples Bancorp has a 52 week low of $29.55 and a 52 week high of $36.40.

In other news, Director Terry Thomas Sweet acquired 2,000 shares of Peoples Bancorp stock in a transaction dated Tuesday, December 4th. The shares were acquired at an average cost of $33.97 per share, with a total value of $67,940.00. Following the purchase, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $161,934.99. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.04% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEBO. SG Americas Securities LLC acquired a new position in shares of Peoples Bancorp in the 3rd quarter valued at about $103,000. Citigroup Inc. lifted its stake in shares of Peoples Bancorp by 361.7% in the 2nd quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock valued at $215,000 after purchasing an additional 5,244 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Peoples Bancorp in the 3rd quarter valued at about $252,000. Virginia Retirement Systems ET AL acquired a new position in shares of Peoples Bancorp in the 3rd quarter valued at about $272,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Peoples Bancorp by 36.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 9,344 shares of the bank’s stock valued at $300,000 after purchasing an additional 2,499 shares in the last quarter. 63.73% of the stock is currently owned by institutional investors and hedge funds.

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